FLYERS BUY OUT BRYZ

“I met with Ilya this morning and informed him that we are going to exercise a compliance buyout of his contract. This was a very difficult business decision to make for us and we want to thank Ilya for his time here and wish him all the best moving forward.”

"I fully support Paul Holmgren in his decision to use our final compliance buyout for Ilya Bryzgalov. It was a very difficult decision from a financial standpoint, but if Bryz remained a Flyer, the dollars would be far greater in a shorter timeframe. We now have cap space, which will allow us to improve our team. In the meantime, Bryz can try to find a situation where he can achieve true happiness."